Really, that horse's patootie actually blathered these lines to the BeeBeeCee:
Vince Cable, the British business secretary, told the BBC today, "The irony of the situation at the moment, with markets opening tomorrow morning, is that the biggest threat to the world financial system comes from a few right-wing nutters in the American Congress rather than the Eurozone."
'Scuze me Vince! Most of those guys you refer to weren't even elected until 2010, or didn't you get the memo at your London club?
The Congresses and Presidents that preceded them created this mess, and they are the first group in modern times to stand up and represent their voters, saying an emphatic 'NO' to more of the same.
Voters, Vince. Remember them, you pitiful excuse for a political leader?
Back to your G & T's at the club, Vince.
By the way, why don't YOU try some of that 'voter' stuff at home, like giving the British citizenry the opportunity to actually vote on whether they wish to be further tethered to the EU sinking ship.
Go ahead, Bubbah! Give it a shot. Let's see what happens.
(Loser!)
3 comments:
Well said Old South; the American Constitution clearly states that it is the job of the Congress to raise debt 'on the credit of the united states' and not President Obama, who is now playing the 'blame game' and raising the political and economic stakes.
As for Cable is a windbag who is out of his depth in respect of Britain's financial plight & generally an incompetent Minister, who is only kept in his position by the fact that he is a potential leadership rival for the liberal democrats, the Conservatives junior coalition partner. In any case Cable is one to talk, considering he is also signed up to cuts in the UK budgets- perhaps that makes him a 'right wing nutter' as well?
As you say, he denies the UK an opportunity to get away from the shackles of the dead corps of the Euro Union.
Old South,
"that horse's patootie"
Excellent! I shall have to use that in my list of one line put downs!
Totally agree with your comments- Cable would not be a Minister of the Crown if the Conservative Party had been anything like as bold as the Republicans in the US, but with regret we have a liberal conservative(Cameron) who has conservative liberals at his command (Clegg).
As you also note the Republicans are actually going out on a limb by attempting to lead their voters rather than following them-I think the 'swing' state of Florida has quite a few 'grey' voters, who would not like to see cuts in Medicaid ....
Yet the blame game has already started, with the Presidential address to the nation. I have to say that I find Obama to be quite cool even when he is being passionate, yet Bohner always seems to be very passionate when being very cool...
The issue with the Euro verses Dollar is akin to that of a rich man who has left his wallet at home, but has decided to buy the drinks at the local pub. He has a liquidity issue and needs to borrow from the fellow chaps down at the 'fox and hounds',let's say for £50, but when he finds his bank card he has enough funds or at least an overdraft to call upon to pay back the debt,albeit at a level which is about to bump him up to his limit (a 'Liquidity' problem). This is the USA.
Contrast this with the chap that has taken out many loans to keep himself afloat and has just taken out a £50 'payday loan' to cover his round at the 'fox and hounds'. He pays for the drinks, but when he gets home he has several letters from his bank and other creditors either demanding payments or saying he is in default because he has not paid his creditors, yet he has 'maxed out' all of his possible credit lines. This is called a 'solvency' problem. This is like the EU [and also like Britain].
At the end of the day, I think Uncle Sam is still got enough cash to pay his way in life, that the talk of China being the next 'super power' is a bit overstated (what Captitalist would want global trade and currency being dictated by the Communist Party of China??), if Obama is willing to agree to a compromise, e.g. not reaching a deal then making more demands at the 11th hour...
Hi Old South,
I'm the Finance editor at Before It's News. Our site is a People Powered news platform with over 4,000,000 visits a month and growing fast.
We would be honored if we could republish the Old South blog rss feed in our Economy category. Our readers need to read what experts like you have to say.
Syndicating to Before It's News is a terrific way to spread the word and grow your audience. We always give attribution and links back to your site. If you are interested in syndicating with us, please contact me at
sean [at] beforeitsnews [dot] com
Thank you
Post a Comment